2024 Employment Report Data
See how the Cornell MBA drives your potential earnings and career opportunities. The data below details the compensation, locations, companies, industry sectors, and job functions of recent graduates.
Two-Year Cornell MBA Class of 2024: Full-Time Job Offers and Acceptances
Of the 291 Two-Year MBA graduates in the class of 2024, 261 were seeking full-time employment and 81 percent received a job within three months of graduation. Graduates with US work authorization received a slightly higher percentage of offers at 88 percent, while non-US work authorization graduates received a slightly lower percentage of offers at 71 percent.
81%
RECEIVED OFFERS
within three months of graduation
79%
ACCEPTED OFFERS
within three months of graduation
Two-Year Class of 2024: Average Base Salary
The Two-Year MBA class of 2024 received average base salary of $161,967. US work authorized graduates earned slightly more than the average at $163,232 and non-US work authorized graduates earned slightly less than the average at $159,606.
$161,967
AVERAGE BASE SALARY
Class of 2024
$175,000
Median Base Salary
Class of 2024
$163,232
US WORK AUTHORIZED
average base salary
$159,606
NON-US WORK AUTHORIZED
average base salary
Salary Data
Interested in how average base salary changes by location, industry, or job function? Take a look below.
Salary by Industry
Over 40 percent of Johnson 2024 graduates are employed in the financial services industry, while almost one-third are employed in consulting, which have the highest average base salaries. The technology and telecommunications industry has the third highest percent employment, while the healthcare / medical services / pharmaceutical industry has the third highest average base salary for the graduating class.
| Industry | Average Base Salary | Median Base Salary | Salary Range | Percent Employed* |
|---|---|---|---|---|
| Financial Services | $165,829 | $175,000 | $110,000-$225,000 | 42% |
| Consulting | $178,046 | $175,000 | $120,000-$215,000 | 31% |
| Technology & Telecommunications | $134,453 | $142,800 | $80,000-$153,000 | 11% |
| Consumer Packaged Goods | $126,429 | $127,000 | $110,000-$135,000 | 4% |
| Energy/Utilities | $129,763 | $137,500 | $79,050-$165,000 | 3% |
| Healthcare/Medical Services/Pharmaceuticals | $143,750 | $142,500 | $120,000-$170,000 | 3% |
| Manufacturing | $131,750 | $132,500 | $117,000-$145,000 | 3% |
| Other** | N/A | N/A | N/A | 4% |
*Does not total 100 due to rounding
**Other includes: Education, entertainment/media, law or legal services, manufacturing, real estate, and transportation/logistics
N/A: less than three data points required for student anonymity
Salary By World Region
Almost the entire class of 2024 found employment in North America. The remaining three percent were spread out across the world.
| Region | Average Base Salary | Median Base Salary | Salary Range | Percent Employed |
|---|---|---|---|---|
| North America | $162,782 | $175,000 | $60,000-$225,000 | 97% |
| Asia & Middle East/North Africa (MENA) | $131,224 | $143,969 | $80,000-$156,959 | 2% |
| Central America, Caribbean & South America | N/A | N/A | N/A | 1% |
Salary by US Region
The vast majority of the class of 2024, 97 percent, remained in the US for work. The Northeast region employed the highest percentage, almost two-thirds of recent graduates, followed by the West. The Southwest region had the highest average base salary, followed by the Mid-Atlantic region.
| U.S. Region | Average Base Salary | Median Base Salary | Salary Range | Percent Employed |
|---|---|---|---|---|
| Northeast | $165,857 | $175,000 | $60,000-$225,000 | 65% |
| West | $153,891 | $145,000 | $125,000-$192,000 | 14% |
| Midwest | $153,647 | $144,000 | $110,000-$192,000 | 9% |
| Mid-Atlantic | $168,400 | $182,500 | $130,000-$193,000 | 5% |
| Southwest | $176,750 | $190,000 | $120,000-$225,000 | 4% |
| South | $134,810 | $135,000 | $79,050-$175,000 | 3% |
Average Base Salary by Job Function
Johnson’s strengths in finance and investment banking are evident with over 40 percent of the class of 2024 employed in that job function, while almost a full third of the class was hired for consulting work.
| Job Function | Average Base Salary | Median Base Salary | Salary Range | Percentage Employed* |
|---|---|---|---|---|
| Finance & Investment Banking | $165,721 | $175,000 | 110,000-$225,000 | 41% |
| Consulting | $176,979 | $175,000 | $120,000-$215,000 | 33% |
| Management | $132,994 | $140,000 | $79,050-$165,000 | 13% |
| Marketing | $133,700 | $129,000 | $120,000-$170,000 | 8% |
| Other** | $148,333 | $160,000 | $60,000-$225,000 | 3% |
*Other includes: Entrepreneurship, human resources, information/technology, and other
A detailed breakdown for the Finance and Investment Banking, Management, and Marketing job functions is below:
| Detailed Job Function | Average Base Salary | Percentage Employed |
|---|---|---|
| Finance and Investment Banking | ||
| Investment Banking | $176,442 | 75% |
| Corporate Finance | $131,167 | 8% |
| Other Finance | $132,400 | 8% |
| Private Equity & Finance - Venture Capital | N/A | 4% |
| Research | $133,333 | 4% |
| Real Estate | N/A | 1% |
| Management | ||
| Rotational/Development Program | $136,481 | 39% |
| General Management | $127,143 | 27% |
| Project/Program Management | $129,600 | 19% |
| Other Management | $140,500 | 15% |
| Marketing | ||
| Brand/Product Management | $129,333 | 50% |
| Business Development & Sales Management | $141,667 | 19% |
| Other Marketing | $131,000 | 31% |
Two-Year Class of 2024: Signing Bonus Data
The Two-Year MBA class of 2024 received an average signing bonus of $38,438 on top of their average base salary. US work authorized graduates received a slightly higher than average signing bonus at $38,504 and non-US work authorized graduates received a slightly lower than average signing bonus at $38,313.
$38,438
AVERAGE SIGNING BONUS
Class of 2024
$38,504
US WORK AUTHORIZED
average signing bonus
$38,313
NON-US WORK AUTHORIZED
average signing bonus
Two-Year Class of 2024: Top Hiring Companies
The list below represents the top companies that hired 2024 graduates for full-time positions.
- Amazon
- Bain & Company
- Bank of America Merrill Lynch
- Boston Consulting Group (BCG)
- Citi
- Deloitte Consulting
- EY-Parthenon
- Jefferies Group
- JP Morgan Chase & Co.
- McKinsey & Company
- Moelis & Company
- Nomura/Greentech
- PricewaterhouseCoopers LLP
- RBC Capital Markets
- Strategy&
- UBS Group AG